Underground mining

K92 Mining Releases 2021 Q1 Financial Results - Record Net Cash & Process Plant Throughput

Thursday, May 13, 2021 - 9:35pm

Production from four high-grade stopes was deferred to Q2, resulting in the plant treating a larger amount of lower grade stockpile material during Q1, while benefiting Q2 production (see March 18, 2021 press release \xe2\x80\x93 Kainantu Operations and COVID-19 Update).

Key Points: 
  • Production from four high-grade stopes was deferred to Q2, resulting in the plant treating a larger amount of lower grade stockpile material during Q1, while benefiting Q2 production (see March 18, 2021 press release \xe2\x80\x93 Kainantu Operations and COVID-19 Update).
  • This was addressed through utilizing less productive alternative explosives (ANFO and packaged explosives) and supplementing mill feed from lower grade stockpiles.
  • Financially, the last $5 million of debt was repaid and the cash balance increased to a historically strong $66 million at the end of the quarter.
  • Operationally, process plant throughput potential appears to be greater than the 1,100 tpd with several records achieved, long hope stoping continuing to perform well, and development prior to the short-term disruptions tracking above budget.

Troubadour Commences Drilling at the High-Grade Texas Gold Project

Tuesday, May 4, 2021 - 2:00pm

Several showings are present on the property, including two old mines and many older trenches, pits and adits that expose mineralized veins.

Key Points: 
  • Several showings are present on the property, including two old mines and many older trenches, pits and adits that expose mineralized veins.
  • The Beaverdell mining camp is predominately known for its silver production and the presence of high-grade gold occurrences makes the Texas property unique and significantly more attractive.\nPatrick McLaughlin, P.
  • The Company is managed by an experienced team consisting of youthful and seasoned professionals with proven track records as mine finders.
  • The newly acquired Texas gold property diversifies the Company\'s commodity focus and compliments Troubadour\'s Amarillo copper project located 10 km south of the past-producing Brenda Mine in southern BC and 35 km east of Kodiak Copper\'s MPD discovery.\nFor further information please contact:\n'

Aurcana Provides Construction Update and Production Outlook for Its Revenue Virginius Mine for the Remainder of 2021

Tuesday, May 4, 2021 - 2:00pm

Two stopes (mining blocks) on the 1800 level will provide the initial ore supply while stopes on the 1500 level are developed.\nIt is anticipated that four stopes will be available by year end 2021 (two stopes per level) to supply the processing plant.

Key Points: 
  • Two stopes (mining blocks) on the 1800 level will provide the initial ore supply while stopes on the 1500 level are developed.\nIt is anticipated that four stopes will be available by year end 2021 (two stopes per level) to supply the processing plant.
  • However only two stopes are required to provide the 270 tons per day as specified in the 2018 feasibility study (the \xe2\x80\x9c2018 FS\xe2\x80\x9d) prepared in accordance with National Instrument NI 43-101 \xe2\x80\x93 Standards of Disclosure for Mineral Projects (\xe2\x80\x9cNI 43-101\xe2\x80\x9d).
  • The primary resource at Shafter and Revenue-Virginius is silver.
  • Both are fully permitted for production.\nFor further information, visit the website at www.aurcana.com or contact:\n'

Joe Bennett Joins Adit Ventures as Managing Director

Tuesday, April 13, 2021 - 6:58pm

b'WASHINGTON, April 13, 2021 /PRNewswire/ -- Former investment banker and finance professional Joe Bennett has joined Adit Ventures, a leading, family-office owned, venture capital investment firm, as Managing Director, Portfolio Manager.

Key Points: 
  • b'WASHINGTON, April 13, 2021 /PRNewswire/ -- Former investment banker and finance professional Joe Bennett has joined Adit Ventures, a leading, family-office owned, venture capital investment firm, as Managing Director, Portfolio Manager.
  • Joe will lead Adit\'s launch of its new innovative infrastructure investment platform to complement existing Adit offerings.
  • Please visit www.aditventures.com for further information.\n"Adit Ventures is thrilled to have Joe join our firm.
  • Mr. Bennett will lead Adit Innovative Infrastructure, the newly formed next-generation digital infrastructure investment platform within Adit.\nMr.

Golden Predator Submits Brewery Creek License Renewal Applications

Thursday, April 1, 2021 - 1:00pm

VANCOUVER, British Columbia, April 01, 2021 (GLOBE NEWSWIRE) -- Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the Company or Golden Predator) advises the Company has submitted its Water Use License (WUL) and Quartz Mining License (QML) renewal applications for its 100%-owned Brewery Creek mine project located approximately 55 km by paved and gravel road from Dawson City, Yukon.

Key Points: 
  • VANCOUVER, British Columbia, April 01, 2021 (GLOBE NEWSWIRE) -- Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the Company or Golden Predator) advises the Company has submitted its Water Use License (WUL) and Quartz Mining License (QML) renewal applications for its 100%-owned Brewery Creek mine project located approximately 55 km by paved and gravel road from Dawson City, Yukon.
  • The Company has submitted renewal applications on existing terms and conditions for 10-year extensions to the Quartz Mining License (QML) Water Use License (WUL).
  • About Golden Predator Mining Corp.
    Golden Predator is advancing the past-producing Brewery Creek Mine towards a timely resumption of mining activities in Canadas Yukon.
  • For additional information on Golden Predator and the Brewery Creek Mine, please visit our website: www.goldenpredator.com .

K92 Mining Releases Strong 2020 Q4 & Annual Financial Results - Record Net Cash, Revenue & Throughput Following Commissioning of Stage 2 Plant Expansion

Monday, March 29, 2021 - 12:00pm

Strong safety record continues and one of the best safety records in the Australasia region since start of operations.

Key Points: 
  • Strong safety record continues and one of the best safety records in the Australasia region since start of operations.
  • Long hole stoping on both the K1 and K2 Veins has provided a notable positive impact on operational flexibility.
  • Record annual gold equivalent production of 98,872 oz or 95,109 oz gold, 1,853,078 lbs copper and 36,067 oz silver, representing a year-over-year AuEq increase of 20%.
  • In the third quarter, K92 achieved two major growth milestones: the completion of the Stage 2 Plant Expansion commissioning, and; the Stage 3 Expansion PEA study.

Gold Mining Industry Could Be Key to Economic Rebound in Canada

Thursday, March 25, 2021 - 12:50pm

We are working in the 'shadow of a historic headframe', deemed often to be the best place to find a new gold mine."

Key Points: 
  • We are working in the 'shadow of a historic headframe', deemed often to be the best place to find a new gold mine."
  • Graycliff also shared details of two additional drill holes from the 2020 Phase 1 exploration program for the Shakespeare Gold Project.
  • With mining productions in full swing, Pure Gold Mining (CSE:PGM) (OTC:LRTNF) reports that it is on track to begin commercial production at the company's Red Lake mine.
  • With first gold being poured last December, Pure Gold believes there will be a declaration of commercial production by Q2 2021.

Gold Mining Industry Could Be Key to Economic Rebound in Canada

Thursday, March 25, 2021 - 12:50pm

We are working in the 'shadow of a historic headframe', deemed often to be the best place to find a new gold mine."

Key Points: 
  • We are working in the 'shadow of a historic headframe', deemed often to be the best place to find a new gold mine."
  • Graycliff also shared details of two additional drill holes from the 2020 Phase 1 exploration program for the Shakespeare Gold Project.
  • With mining productions in full swing, Pure Gold Mining (CSE:PGM) (OTC:LRTNF) reports that it is on track to begin commercial production at the company's Red Lake mine.
  • With first gold being poured last December, Pure Gold believes there will be a declaration of commercial production by Q2 2021.

Komatsu Adapting Longwall Business to Best Meet Customer Needs

Friday, March 19, 2021 - 3:05am

Adapting its longwall mining equipment business to best meet customer needs to reduce costs and maximize performance, Komatsu today announced it will provide Joy engineered Powered Roof Support (PRS) solutions through partnerships with PRS manufacturers.

Key Points: 
  • Adapting its longwall mining equipment business to best meet customer needs to reduce costs and maximize performance, Komatsu today announced it will provide Joy engineered Powered Roof Support (PRS) solutions through partnerships with PRS manufacturers.
  • There are no expected disruptions to existing order fulfillment as part of the changes announced today.
  • Komatsu is an industry-leading manufacturer and supplier of equipment, technologies and services for the construction, forklift, mining, industrial and forestry markets.
  • The companys global service and distributor networks support customer operations, tapping into the power of data and technology to enhance safety and productivity while optimizing performance.

Bond Resources On-Track to Commence Bulk Sampling Program at Mary K Mine

Wednesday, March 3, 2021 - 9:18pm

"Once we break through into the old workings, we will assess the condition of the old drift," commented Joseph Carrabba, President & CEO of Bond Resources.

Key Points: 
  • "Once we break through into the old workings, we will assess the condition of the old drift," commented Joseph Carrabba, President & CEO of Bond Resources.
  • Our goal is to reach this section of the mine and commence a bulk sampling program."
  • The Mary K Vein system represents a structurally bound, epithermal system where the gold and silver is quite nuggety and not uniformly mineralized.
  • About Bond Resources: Bond Resources is a mineral resource company that holds the contractual rights to acquire the Mary K mine in the Elk City mining district of Idaho.